MCDFX vs. FHKTX

Last updated Apr 2, 2026

Compare and contrast key facts about Matthews China Dividend Fund (MCDFX) and Fidelity Advisor China Region Fund Class M (FHKTX).

MCDFX is managed by Matthews. It was launched on Nov 29, 2009. FHKTX is managed by Fidelity. It was launched on May 9, 2008.

Performance

MCDFX vs. FHKTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Matthews China Dividend Fund (MCDFX) and Fidelity Advisor China Region Fund Class M (FHKTX). The values are adjusted to include any dividend payments, if applicable.

MCDFX vs. FHKTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MCDFX Matthews China Dividend Fund	5.60%	29.41%	14.93%	-20.68%	-16.72%	-0.60%	26.88%	15.03%	-9.93%	37.52%
FHKTX Fidelity Advisor China Region Fund Class M	8.22%	41.85%	22.53%	-0.84%	-24.32%	-14.20%	46.95%	34.26%	-17.96%	50.94%

Returns By Period

MCDFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FHKTX

• 1D: 2.71%
• 1M: -6.17%
• YTD: 8.22%
• 6M: 7.57%
• 1Y: 45.66%
• 3Y*: 20.30%
• 5Y*: 2.38%
• 10Y*: 11.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MCDFX vs. FHKTX - Expense Ratio Comparison

MCDFX has a 1.20% expense ratio, which is lower than FHKTX's 1.50% expense ratio.

FHKTX

Fidelity Advisor China Region Fund Class M

MCDFX

Matthews China Dividend Fund

Return for Risk

MCDFX vs. FHKTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHKTX

FHKTX Risk / Return Rank: 89
FHKTX Sharpe Ratio Rank: 91
FHKTX Sortino Ratio Rank: 89
FHKTX Omega Ratio Rank: 86
FHKTX Calmar Ratio Rank: 91
FHKTX Martin Ratio Rank: 90

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCDFX vs. FHKTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Matthews China Dividend Fund (MCDFX) and Fidelity Advisor China Region Fund Class M (FHKTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MCDFX	FHKTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.03	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.10	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.31	—

Correlation

The correlation between MCDFX and FHKTX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MCDFX vs. FHKTX - Dividend Comparison

MCDFX's dividend yield for the trailing twelve months is around 3.84%, more than FHKTX's 1.17% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCDFX Matthews China Dividend Fund	3.84%	4.05%	3.97%	4.08%	5.56%	10.35%	3.91%	1.60%	11.25%	9.52%	3.38%	6.42%
FHKTX Fidelity Advisor China Region Fund Class M	1.17%	1.27%	1.10%	1.27%	0.29%	10.88%	4.51%	0.02%	0.00%	0.00%	0.69%	14.81%

Drawdowns

Drawdown Indicators

	MCDFX	FHKTX	Difference
Max Drawdown Largest peak-to-trough decline	—	-58.83%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-15.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-54.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-58.83%	—
Current Drawdown Current decline from peak	—	-8.42%	—
Average Drawdown Average peak-to-trough decline	—	-19.28%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.17%	—

Volatility

Volatility by Period

	MCDFX	FHKTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.78%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	23.26%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.11%	—